Ag Revolving LOC
An Agricultural Line of Credit gives you the flexibility to have money available when you need it. As you repay what you’ve used, the funds become available to you once again, much like a credit card. You won’t always have to repay the same amount each month because your payment is based on your use. Any amount paid over the amount charged goes directly toward paying down the principle, allowing you to pay less in interest.
| Features | Benefits |
|---|---|
| Fixed or variable rates | Flexible |
| All loans are kept in house | Convenient, Local Service |
| Finance up to 75% on real estate secured basis | Lower Monthly Payments |
| Repayment options consist of monthly, annual or balloon payments | Flexible |
| No processing fees | Saves money |
| No pre-payment penalties | Saves money |
| Payments may be made via Payroll Deduction, automatic payments, Telephone Teller, Online Banking or by phone | Convenient |
| Funds may be advanced without signature once disclosure is in the file | Peace of mind, Convenient |
| Funds can be used for a variety of purposes | Flexible |
| Member’s Choice™ Borrower Security may be purchased and is available at the time of loan closing. Can be added to loan at any time. | Peace of Mind, Flexible |
